In OB,looking at Relationships,attempting to Attribute Causes and Effects,and Basing

question 67

Multiple Choice

In OB,looking at relationships,attempting to attribute causes and effects,and basing conclusions on scientific evidence is referred to as

• A)a contingency approach.
• B)an absolute approach.
• C)a consistency approach.
• D)systematic study.
• E)intense scrutiny.

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Definitions:

Fiscal Policy

Government policies related to taxation and government spending that influence economic conditions.

Fiscal Policy

Government policies regarding taxation and spending that are employed to influence economic conditions, including stimulating or restraining economic growth.

Multiplier

An economic factor that quantifies the additional effect on income or output resulting from an injection of spending.

Deflationary Gap

A situation in economics where actual production is lower than the potential output level, often resulting in unemployment and unused productive capacity.